AMA Recap Crypto Library with NFTY Portal


On 26th June 2021, NFTY Portal conducted an AMA in the Crypto Library Community. Our guest is Arron Brown. Lots of questions as usual from the Community about NFTY Portal progress. The NFTY Portal team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into NFTY Portal.

Let’s take a look at the most interesting points of our conversation.

Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Arron Brown (NFTY Portal) : Hi my name is Arron I am Australian. My nickname is AZ Everyone calls me Az. I am the NFTY Portal COO.
Crypto Library Team :  What is NFTY? and how is the story/background behind the NFTY project creation?

Arron Brown (NFTY Portal) : NFTY Portal is a project that aims to shift how blockchain and crypto develops, move forward. Te NFTY Portal is a new style DEX that allows for trading and storage of NFTs, coins and tokens all in one place. We have a team of Coders who have been writing code since before 2016. This is not just an idea, this is real, our code is on github and the features which i will mention later are operatable. The story behind NFTY Portal creation is from years of crypto experience and learning, finding opportunities on how we can improve on current systems to become the gold standard moving forward.

Crypto Library Team : What are the special advantages that NFTY want to offer us?

Arron Brown (NFTY Portal) : Firstly, an all in one dex - NFTs, coins and tokens, multichain, crosschain. Secondly we offer in wallet minting of NFTs on our Windows Desktop wallet and soon Apple version. Most importantly we have cracked the code which allows our NFTY chain to handle millions of transactions per second on the mainnet. Then sidechains also can handle the same amount so the mainnet is not slowed down or compromised. And even more unique to our system is our scalable blocks. The scalable blocks can adapt to the transactions being pushed through the system to expand if high load, or reduce if low load, this ability will forever keep transaction fees low. The code is universal and dynamic! There is nothing like this on the market!

Crypto Library Team : Could you please tell us about NFTY space coin, NFTY time, and NFTY motion?

Arron Brown (NFTY Portal) : So NFTY portal name has a meaning. NFTY or Nifty in English language means skillful. Portal is a door to another universe. NFTY Portal together signifies a gateway to an effective trading universe. Our slogan Space and Time in Motion also has a meaning which are what our coins are named after. Space coin named due to the vast space of the crypto realm ever expanding. Time coin is in relation to the time stamp on the blockchain. Motion is the forward direction that we aim to help take the crypto, blockchain development. NFTY Space coin is our main which will be used for fees, transaction, minting costs, possibly a fee reducer and will also be used for Staking so the community can benefit from having the NFTY Space coins in their wallet. NFTY Time is our low supply coin that will be used in yield farming to reward NFTY space coin buyers. NFTY Motion is our governance token that will be gifted to NFTY Time holders and can be used to vote for developments and direction of the project.

Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?

Arron Brown (NFTY Portal) : Our project is very unique. We are not just a quick release with no thought only trying to raise money. we have spent alot of time on this. Alot of thought about longterm development. And have real answers solutions for issues that all crypto users face in day to day trading and storage. There are alot of coins, tokens and even NFT projects that are pumped out quickly so the team can make quick money. Its not what real crypto is about. We all see rugpulls on these popup projects. They have no intention of actually helping the crypto realm develop. We have a marketing firm that has started to help get our project out to the world. I can share our first article if you would like for your community. 
We also are heavily into NFTs. I'm sure your community have heard of Punks and Bored Ape Yacht Club!?! We have some cross collaboration marketing with BAYC. Something fun and different but opened up our project to the 4k+ Ape owners who have ETH to spend. And now including NFL players, NBA players, NBA Team Owner, Snoop Dogg, Korean musicians opening up the project to millions of new users. 
Your community can have a listen and hopefully enjoy. 
Crypto Library Team : What problems are the project trying to solve or offer in the existing NFT market? Is there any uniqueness that NFTY have? in order to get attention or mass adoption from the community?

Arron Brown (NFTY Portal) : So we have many problems that we all face in day to day NFT creation, minting, buying and selling. Our very experienced Devs have created code which can store data on the blockchain. this is a big development because at the moment for example if you want to mint an NFT on Opensea or Rarible you are only creating a transaction on the ERC network and your NFT data is stored on the Opensea or Rarible site. If you want to sell on the other site you then need to pay a fee to be able to list on that site etc. Its complicated. Its dependant on ETH prices as to how much you pay for the privelege. There is a better way need to have ETH in your wallet and then pay quite high rates to mint, only receive a small percentage of sales and if you want to sell on. Our ground breaking development allows users to mint and store the NFT data on the chain so its there for all to see and can be bought or sold or viewed on other platforms. There is more tech to it but this is a basic rundown. The amount of data at the moment is relatively small but eventually size of stored data can be as high as 1GB movie etc. This is not far away. At the moment we can do 400x400 pixel quality and are looking to almost dvd quality of 4k and higher. Your community is the first of public worlwide to see this information. 

Crypto Library Team : Will the NFTY project also have features like Yield Farming and STAKING? and will your project also have plans to burn tokens or maybe buy back to increase the value of the $NFTY Tokens themselves and as a plus and to attract new Investors?

Arron Brown (NFTY Portal) : As mentioned earlier we have a system of rewards for NFTY Space coin buyers. NFTY Time will be used for yield farming by holders of NFTY Space coin. NFTY Motion will be gifted to NFTY Time holders to then use for voting on future developments on direction of the project. Staking is available in NFTY Desktop wallet for NFTY Space coin. Other projects who wish to create NFTs or tokens on the NFTY chain can then also choose to have staking which will also be available for NFTY Space coin holders. We havent discussed a burn function as we will only be minting 200m NFTY Space. NFTY Time will be low supply and NFTY Motion still tbd. We think the features we are introducing to the crypto space and the NFT community will be a driving force in increasing the value of NFTY Coins. However this is always down to supply and demand. We hope to create a project that creates huge demand for the limited supply. 
Crypto Library Team : NFTY Web Wallet allows any user in the world to have access to an online wallet to receive different cryptocurrencies and mainly NFT, but not all users have access to a computer. So, in the future will the platform implement the wallet to Android or iOS devices?

Arron Brown (NFTY Portal) : I saw this question right at the start and would like to answer this because we have addressed this issue On our website you will see there are 2 wallets that can be downloaded. One is windows desktop. Because we know there are large sections of the world that do not have access to pcs or laptops we have also created a webwallet. This allows users who trade from their phones or smart devices to simply use their preferred choice of browser and create a webwallet which they can use to store and trade their coins, tokens and NFTs. Yes there are plans for actual mobile wallets for both iOS and Android to be released as per our roadmap. But to be honest with you we will likely have them available way before the roadmap date, will have to see how things go.

Crypto Library Team : Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

Arron Brown (NFTY Portal) : This question brings me back to our main developments creating a code whilst on its own blockchain is universal, dynamic. We are not limited to integrating just with ERC or BSC. We can integrate with all networks and we will be able to store coins, tokens and NFTS from other networks in our NFTY Portal (Dex) being the safest place to keep all your crypto. Scalable blocks that can adapt accordingly to the usage of the network keeping fees lows while maintaining super fast speeds. We are talking millions of transactions per second on mainnet and also on each sidenet. Plus there are other features that we will release as we go, when our marketing kicks in.

Crypto Library Team : COVID 19 has slowed many economies around the world but as a crypto business has it affected you negatively or positively? Secondly, are you still on track to achieve your targets as the road map says?

Arron Brown (NFTY Portal) : This is very relevant in todays world. Covid has affected most communities around the world. We have not been directly affected for our Dev team or Project Team. We take the pandemic seriously and try to minimise exposure or take precautions to reduce any exposure to potential risks. We have a business mantra. Under Promise and Over Deliver. We have purposely given extended times in our roadmap to allow for circumstances to arise. We aim to deliver our products before due dates in order to reward the community for investing allowing the products to help increase demand for the supply and give value to investors.

Crypto Library Team : In a world full of different actors such as traders, artists, collectors, musicians & others, aligning there interest to use your NFT platform is hell of a task. So what makes you think NFTY is the best bet to help realise there goals of getting maximum satisfaction and profits?

Arron Brown (NFTY Portal) : The NFT world is massive already but still has massive growth as it moves across different industries. Our scalable blocks allow for fast transaction and keeping fees low. This is important for NFT artists, collectors and the growing business world getting into NFT data. Our system which allows for large data to be stored is sure to be appealing to many for a wide variety of reasons whether it is an artist releasing a whole album for example. We also offer a higher rate of % of sales to artist, will be creating a multiple artist feature as currently only one person can put their name on an NFT, this will also allow for splitting of the profits/sales. There are quite literally so many differetn things we are doing which fix alot of the issues being faced right now that I could talk about this for hours.

Crypto Library Team : On their page they mention functions such as:
  • NFT Minting
  • Staking
  • Masternodes
  • IM (encrypted instant messaging).
  • Token Minting
Can you explain which of these functions is the most important in the project ecosystem?

Arron Brown (NFTY Portal) : To be completely honest whilst these features that are mentioned are great for the users they are not actually the most important functions of the ecosystem. These are great to offer usecases, activity and rewards to those who choose to invest into the NFTY Space coin. For us the functions which help change the way blockchain trading and storage works is the most important Why? because this will help advance crypto and blockchain technology forward. We are developing this project to not only be community based, user friendly, cost effective and efficient but to help change the world of crypto for the better.